Demand for land is:(Select two options)A Less elasticB Derived demandC Resource demandD More elastic
Question
Solution 1
The correct answers are:
B. Derived demand - This is because the demand for land is often derived from the demand for products or services that can be produced on the land.
C. Resource demand - Land is considered a resource in economic terms. Therefore, the demand for land is also a demand for a r Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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